Back
2 Nov 2021
S&P 500 Index opens modestly higher, energy stocks underperform
- Major equity indexes in the US edge higher after the opening bell.
- Technology stocks post strong gains in the early trade.
- Energy shares underperform pressured by falling crude oil prices.
Wall Street's main indexes opened modestly higher after closing in the positive territory on Monday. As of writing, the S&P 500 was trading at a new record high of 4,623, rising 0.22% on a daily basis. Meanwhile, the Dow Jones Industrial Average was virtually unchanged on the day at 35,904 and the Nasdaq Composite was up 0.2% 15,622.
Among the 11 major S&P 500 sectors, the Technology Index is up 0.62% as the biggest gainer after the opening bell. On the other hand, the Energy Index is losing 0.4% pressured by falling crude oil prices.
There won't be any high-tier macroeconomic data releases in the remainder of the day. Investors are awaiting the US Federal Reserve to announce its policy decisions on Wednesday.
S&P 500 chart (daily)
